2020-12-31-accounts

BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Registered Charity No: 304488

BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

CONTENTS

Reference and administration details Trustees’ report Independent examiner’s report Statement of financial activities Balance sheet Notes to the accounts	Page 1 2 – 7 8 9 10 11 – 17

BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD REFERENCE AND ADMINSTRATION DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees Elected A Ball (Chairman) R Peacocke (Vice-Chairman) W Bull B Elgin A Pattemore User group representatives G Allen (Treasurer) B Hilkene R Sillett M Evens C Donnelly E Hayes

Independent examiner

Contact address

Michelle Ferris BSc (Hons) FCA DChA Albert Goodman LLP Chartered Accountants Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX The Old Post Office Gore Square Bishops Lydeard Taunton Somerset TA4 3BW

Charities registration number

304488

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report and unaudited financial statements of the charity for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Reference and administration details

Details of the charity’s trustees, advisors, and other reference and administration details are given on page 1.

Structure, governance and management

Description of the charity’s trusts

Governing document: The charity is constituted as a trust and the governing document is a constitution dated 11[th] February 1986 and amended on 6[th] September 2000. The charity is a registered Charity number 304488.

Custodian Trustees: Bishops Lydeard and Cothelstone Parish Council is Custodian Trustee for the charity in respect of the freehold of Bishops Lydeard Village Hall and surrounding land.

Management: The charity is run by a Management Committee of Trustees made up of a maximum of 8 elected members, 4 co-opted members and up to 12 user group representatives. Elected members are elected at the Annual General Meeting at which all local residents are entitled to attend and vote. Co-opted members are elected by the Management Committee. User Group Representatives are nominated at the Annual General Meeting. Trustees are recruited by way of networking, advertising and word of mouth.

Induction:

New committee members undergo an induction to brief them on their responsibilities under charity law and the business and operation of the charity.

The Trustees who served during the period were:

A Ball (Chairman) R Peacocke (Vice-chairman) J May (Booking Secretary)(Resigned 13 July 2020) G Allen (Treasurer) R Sillett B Hilkene M Evens A Pattemore M Davis (Resigned 25 March 2020) W Bull B Elgin C Donnelly E Hayes

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees’ consideration of major risks and the system and procedure to manage them: The Trustees have examined the major risks to which the charity is exposed and have adequate insurance in place to mitigate those risks. Gas and electrical systems are inspected at appropriate intervals. Reviews of Health and Safety (including First Aid and fire precautions) are carried out regularly, and the Play Area is inspected annually by an appropriate external body. In addition, the halls are licensed with the local authority for the times and types of usage and for the sale of alcohol.

Objectives and activities

In planning the charity’s activities, the Trustees have kept in mind the Charity Commission’s guidance on public benefit.

The objective of the charity is, in the interests of social welfare, to improve the conditions of life of the inhabitants of the area of benefit without distinction of political, religious or other opinions by the provision of facilities for recreation and other leisure time activities.

The main regular activities during the year included Age UK (Seated exercise), Badminton, Lydeard Stitchers, Short Mat Bowls, Ballet (children), Stagestruck Theatre School (children), Drama (all ages), Friendly Club (over 55’s), Zumba, Karate, Pilates, Table Tennis, Tai Chi, Rainbows (Children), Brownies (children) and Kings Church Quantocks.

Hall usage effectively came to a standstill in March 2020 due to the restrictions imposed to fight the Covid19 epidemic and some activities were able to resume in late 2020. Brownies decided to move away from the Village Hall during the year.

In addition, the halls are normally used for social events organised by the Management Committee and are booked by individuals and local groups for presentations, parties, events, meetings and training sessions. These activities were severely reduced by the Covid-19 restrictions.

In the grounds there is a large Play Area with a number of swings etc. for children and a Youth Shelter.

Part of the outside area is leased to the Parish Council which built and manages a Multi-use Games Area.

Grant making policy: The Trustees make no grants.

Achievements and performance

Usage of the halls

As stated above, hall usage was severely reduced due to Covid-19, with a consequent major reduction in hall hiring income. However, usage of the Annexe continued for a group helping learning-disabled adults (in agreement with Somerset County Council) and the income from this activity together with Small Business Grants administered through Somerset West and Taunton Council effectively covered the hall’s normal running costs.

Insurance costs increased substantially due to insurer concerns at flood risk from an adjacent stream and we are examining ways to minimise the risk.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Hall and grounds maintenance

As reported in previous years, the Management Committee has put more work out to contract. However, volunteers continue to carry out rubbish collection, some of the non-specialist maintenance and a variety of administration tasks and once more we wish to thank them.

We continue to have sub-committees for detailed work on:

• Plans and Grants

• Fundraising

Fundraising

We were able to run only one fundraising event before the onset of Covid-19 and income was therefore substantially reduced. These events normally raise a considerable sum for the Hall Improvement Fund.

Fete and Flower Show

This had to be cancelled due to Covid-19. It normally raises a considerable sum for the Hall Improvement Fund as well as being a major village event.

Prize Draw

The prize draw was suspended in March due to Covid-19 – it will be resumed when the Covid-19 situation allows.

Hall developments

The main project planned for the year was the replacement of the uninsulated roof of the large hall. This had to be delayed again because of the difficulty in attracting capital grants, but remains a key objective and grants continue to be sought.

We also aim to pave the rear part of the overflow car park to provide more parking spaces as the village expands – currently an additional 200 houses are being built - and work proceeded to plan and raise funds for the project.

Preliminary work was also undertaken to plan and raise funds for the installation of additional equipment in the Play Park and to make major surface improvements in the area.

In addition, a range of repairs and improvements in the year included installing curtains in the doorways between the large and old small hall, painting in the old and new small halls, replacing a toilet water heater and the kitchen water boiler, repairs to the flat roof area to prevent water ingress, and maintenance of the defibrillator installation.

Communications and publicity

The committee normally publishes and distributes regular newsletters to every house in the village and maintains a web site that can be accessed either directly or via the Parish Council web site. Covid-19 restrictions prevented publication of the newsletter, but the website remained in use. You can visit us at www.bishopslydeardvillagehall.co.uk and follow us on Facebook at ‘Bishops Lydeard Village Hall Official Site’

Maynards

There was no change of tenant during the year.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Hallmark scheme

The hall is a member of the Community Council for Somerset’s Hallmark scheme.

Place of Safety

The Village Hall is now registered as a Place of Safety with the Somerset Local Authority Civil Contingency Partnership for use in the event of a major civil incident.

Financial review

1. Revenue and cost reporting. Revenue, costs and bank balances are reported at every Village Hall Management Committee (VHMC) meeting.

2. Hiring rates. Hiring rates are normally reviewed annually with the aim of covering expected normal running costs plus a contingency. In exceptional circumstances rates might be reviewed more frequently. In view of the Covid-19 epidemic the committee decided not to increase hiring rates for 2021

3. Loans . Policy is not to borrow any money.

4. Projects for the improvement of the Village Hall and grounds. Projects are approved in advance by the VHMC based on at least 3 quotations for projects totalling over £10,000 and only proceed if grants have been approved for any costs not being covered from available hall funds. For projects between £1,000 and £10,000 2 quotations are required and for any project under £1,000 one quotation is acceptable.

5. Urgent abnormal expenditure. Costs up to £500 may be approved by any two of the Chair, Vicechair, Treasurer and Secretary. Costs in excess of £500 can be approved by contacting and getting the approval of at least 50% of the VHMC members.

6. Reserves. For running costs, the charity aims to keep a reserve of 3 months normal costs. For Maynards, the policy is to keep at least 50% of one year’s normal annual income in reserve against maintenance and repair costs, and the costs that arise from changes of tenant. In total, this year’s reserves for running costs and the Maynards property amounts to £12,000 including an addition with the acquisition of the Annexe.

However, at 31 December 2020 the charity’s free reserves were £66,176. Any additional reserves are intended to fund hall improvement projects, including insulating the roof of the large hall and the other projects set out above. In the next year, the Trustees intend to build on these reserves further, through fundraising events and grant funding, to finance these and other projects.

1. Bank balances. Bank balances are monitored monthly. Currently, interest rates are low, and the balances held do not warrant use of interest-bearing accounts; if either of these situations changes, the policy will be reviewed.

2. Grants. The charity does not make grants to any other bodies.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Covid 19 virus and consequences

Under Covid-19 restrictions it was not possible to hold regular Management Committee meetings, but the committee were kept up to date with regular emails and contacted for their views and approval on any significant financial matters.

The main hall complex was closed at the end of March 2020 and reopened under strict anti-Covid regulations late in the year. The Annexe remained in use in agreement with Somerset County Council for use by a group providing support for learning disabled adults.

As a result of the Small Business Grants supplied through Somerset West and Taunton Council, the hall’s finances remain in a sound state, and we appreciate the support. The continued income from the Annexe and reduced costs because of the reduced use of the halls also helped.

In the longer term the financial situation will depend on any remaining restrictions, any offsetting Small Business Grants, and the willingness of groups and individuals to come back to the halls.

We will continue, as far as possible, to make the halls attractive and safe to use. We have used the advice and documentation supplied by ACRE (Action for Communities in Rural England) through the Community Council for Somerset throughout the twists and turns of the epidemic and will continue so to do – our sincere thanks go to both these organisations.

Trustees Responsibilities in relation to the Financial Statements

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Declaration

The Trustees declare that they have approved the Trustees’ Report above. Signed on behalf of the charity’s trustees:

G Allen Treasurer

Date: 25 September 2021

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD FOR THE YEAR ENDED 31 DECEMBER 2020

I report to the trustees on my examination of the accounts for Bishops Lydeard Village Hall and Playing Field (“the charity”) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not comply with these records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michelle Ferris BSc (Hons) FCA DChA

Albert Goodman LLP Chartered Accountants Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX

Date: 30 September 2021

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

		Unres- tricted	Res- tricted	Res- tricted	2020 Total	2020 Total	Unres- tricted	Unres- tricted	Res- tricted	Res- tricted	2019
											Total
	Note	£	£		£		£		£		£
	Income from: Donations and grants
	Donations	1,268	-		1,268		256,472		-		256,472
	Grants 2	27,000	-		27,000		14,120		-		14,120
	Charitable activities
	Hall lettings	8,292	-		8,292		32,233		-		32,233
	Snooker club	1,113	-		1,113		2,155		-		2,155
	Wardens, car park & leases	1,435	-		1,435		2,276		-		2,276
	Other trading activities
	Fundraising	325	-		325		6,423		-		6,423
	Monthly prize draw fund	54	-		54		1,124		-		1,124
	Maynards Rent	7,050	-		7,050		7,200		-		7,200
	Greendays	11,760	-		11,760		-		-		-
	Total income	58,297	-		58,297		322,003		-		322,003
	Expenditure from:
	Raising funds 3	801	-		801		2,725		-		2,725
	Charitable activities 4	73,190	-		73,190		65,428		-		65,428
	Total expenditure	73,991	-		73,991		68,153		-		68,153
		(15,694) -	- -		(15,694) -		253,850 -		- -
	Net income/(expenditure)										253,849
	Transfers between funds 9										-
	Net movement in funds	(15,694)	-		(15,694)		253,850		-		253,850
	Reconciliation of funds:
	Fund balances at 1 January 2020	659,793 644,099	- -		659,793 644,099		405,943 659,793		- -		405,943
	Fund balances at 31 December 2020										659,793

All incoming resources and resources expended derive from continuing activities. The charity has no recognised gains and losses for the year other than the results above.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD BALANCE SHEET AS AT 31 DECEMBER 2020

Note Fixed assets Tangible assets 7 Current assets Debtors 2,728 Cash at bank and in hand 65,241 ────── 67,969 Creditors: amounts falling due within one year 8 (1,793) ────── Net current assets Net assets Funds of the charity Unrestricted funds 9 Restricted income funds 9 Total charity funds 9	2020 £ 577,923 5,496 41,672 ────── 47,168 (1,950) ────── 66,176 ────── 644,099 ~~──────~~ 644,099 - ────── 644,099 ~~──────~~	2019 £ 614,575 45,218 ────── 659,793 ~~──────~~ 659,793 - ────── 659,793 ~~──────~~

Approved by the Board on 22 September 2021 and signed on its behalf by:

A Ball

Trustee

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Basis of accounting

The financial statements have been prepared in accordance with Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)- (Charities SORP (FRS 102)).

The charity meets the definition of public benefit under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Funds

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Income

Voluntary income, including donations and grants that provide core funding or are of a general nature, is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Where services or assets are donated to the charity and these can be reliably estimated to have value to the charity, the value of the donation is included in the accounts as income.

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

Government grants are recognised under the accruals model resulting in income being recognised on a systematic basis over the period in which the related costs are incurred for which the grant is compensating. The income from the scheme is recognised as other income in the profit and loss and timing differences presented as other debtors or deferred income within the balance sheet.

Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Debtors

Trade and other debtors are recognised at the settlement amount.

Cash and bank in hand

investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies (continued)

Fixed assets/ Depreciation

Fixed assets are included at their cost to the charity or valuation, where the valuation is in excess of the cost or the asset is donated.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Fixtures and fittings 20% straight line basis Property improvements 5% straight line basis Property (excluding land) 5% straight line basis

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at the settlement amount.

Taxation

As a registered charity, the company is not liable to corporation tax or capital gains tax to the extent that its income and gains are applicable to charitable purposes only. The charity is not VAT registered. All income and expenditure is gross of VAT where applicable.

Financial instruments

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows:

Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 11. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 11. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Covid-19

The Trustees have considered the implications of the Covid-19 pandemic on the operations of the charity. Whilst the pandemic has forced the closure of the village hall for the vast majority of the year, costs have been limited where possible and the charity has had access to additional government support. The Trustees therefore believe that the charity remains a going concern.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2 Grants

Grants
	Un-
	Restricted	Restricted	2020	2019
	funds	funds	Total	Total
	£	£	£	£
Awards for All	-	-	-	9,120
BL & C Parish Council*	-	-	-	5,000
Exceptional government funding
Other government grants*	27,000	-	27,000	-
	──────	──────	──────	──────
	27,000	-	27,000	14,120
	──────	──────	──────	──────

All income in the prior year related to unrestricted funds.

*denotes government funding

The charity has been eligible to claim additional funding in the year from government support schemes in response to the coronavirus outbreak. The funding received is shown above under “exceptional government funding”.

3 Raising funds

	Un-
	Restricted	Restricted	2020	2019
	funds	funds	Total	Total
	£	£	£	£
Fundraising expenses	349	-	349	1,748
Monthly prize draw prizes	452	-	452	977
	──────	──────	──────	──────
	801	-	801	2,725
	──────	──────	──────	──────

All expenditure in the prior year related to unrestricted funds.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4 Charitable activities

	Un-
	Restricted	Restricted	2020	2019
	funds	funds	Total	Total
	£	£	£	£
Hall running costs	567	-	567	660
Cleaning and laundry	7,544	-	7,544	6,975
Utilities	4,360	-	4,360	4,258
Insurance	5,149	-	5,149	4,806
Repairs and maintenance	7,150	-	7,150	6,304
Licences	515	-	515	508
Printing, postage and stationery	341	-	341	355
Telephone	411	-	411	490
Subscriptions	100	-	100	100
Depreciation of freehold property	38,726	-	38,726	34,586
Depreciation of fixtures and fittings	4,116	-	4,116	2,268
Annex utilities and insurance	2,264	-	2,264	1,690
Governance costs	1,947	-	1,947	2,428
	──────	──────	──────	──────
	73,190	-	73,190	65,428
	──────	──────	──────	──────
Included within governance costs above:
Accountancy	1,228	-	1,228	1,116
Bookkeeping	719	-	719	1,312
	──────	──────	──────	──────
	1,947	-	1,947	2,428
	──────	──────	──────	──────

All expenditure in the prior year related to unrestricted funds.

5 Trustees’ remuneration and expenses

None of the trustees received any remuneration or payment for expenses during the year, nor in the previous year.

6 Net incoming resources

Net incoming resources are stated after charging: Depreciation of owned assets	2020 £ 42,842 ~~──────~~	2019 £ 36,854 ~~──────~~

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7 Tangible fixed assets

Freehold Fixtures, land and fittings and buildings equipment £ £ Cost As at 1 January 2020 773,055 48,668 Additions 3,235 2,955 ────── ────── As at 31 December 2020 776,290 51,623 ────── ────── Depreciation As at 1 January 2020 174,979 32,169 Charge for the year 38,726 4,116 ────── ────── As at 31 December 2020 213,705 36,285 ────── ────── Net book value As at 31 December 2020 562,585 15,342 ~~──────~~ ~~──────~~ As at 31 December 2019 598,076 16,499 ~~──────~~ ~~──────~~

Total £ 821,723 6,190 ────── 827,913 ────── 207,148 42,842 ────── 249,990 ────── 577,923 ~~──────~~ 614,575 ~~──────~~

Freehold land and buildings

The net book value of freehold land and buildings includes £562,585 (2019: £598,076) of depreciable assets.

8 Creditors: amounts falling due within one year

Other creditors Accruals	2020 £ 551 1,242 ────── 1,793 ~~──────~~	2019 £ 360 1,590 ────── 1,950 ~~──────~~

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9 Analysis of funds

1 Unrestricted General Fixed asset fund Total unrestricted funds Total funds 1 Unrestricted General Fixed asset fund Total unrestricted funds Total funds	Funds at Jan 2020 £ 45,218 614,575 ────── 659,793 ────── ────── 659,793 ~~──────~~ Funds at Jan 2019 £ 50,392 355,551 ────── 405,943 ────── ────── 405,943 ~~──────~~	Funds at Income Expenditure Transfers 31 Dec 2020 £ £ £ £ 58,297 (31,149) (6,190) 66,176 - (42,842) 6,190 577,923 ────── ────── ────── ────── 58,297 (73,991) - 644,099 ────── ────── ────── ────── ────── ────── ────── ────── 58,297 (73,991) - 644,099 ~~──────~~ ~~──────~~ ~~──────~~ ~~──────~~ Funds at Income Expenditure Transfers 31 Dec 2019 £ £ £ £ 67,003 (31,299) (40,878) 45,218 255,000 (36,854) 40,878 614,575 ────── ────── ────── ────── 322,003 (68,153) - 659,793 ────── ────── ────── ────── ────── ────── ────── ────── 322,003 (68,153) - 659,793 ~~──────~~ ~~──────~~ ~~──────~~ ~~──────~~

No restricted income was received in the year or in the prior year.

Fixed asset fund represents the Net Book Value of fixed assets in the accounts.

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BISHOPS LYDEARD VILLAGE HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10 Analysis of net assets between funds

			Unrestricted	Unrestricted
		Restricted	general	fixed asset	Total
		funds	funds	funds	2020
		£	£	£	£
	Tangible assets	-	-	577,923	577,923
	Debtors	-	2,728	-	2,728
	Cash at bank and in hand	-	65,241	-	65,241
	Creditors due within one year	-	(1,793)	-	(1,793)
		_______	_______	_______	_______
		-	66,176	577,923	644,099
		‗‗‗‗‗‗‗	‗‗‗‗‗‗‗	‗‗‗‗‗‗‗	‗‗‗‗‗‗‗
	Analysis of net assets between funds- 2019
			Unrestricted	Unrestricted
		Restricted	general	fixed asset	Total
		funds	funds	funds	2019
		£	£	£	£
	Tangible assets	-	-	614,575	614,575
	Debtors	-	5,496	-	5,496
	Cash at bank and in hand	-	41,672	-	41,672
	Creditors due within one year	-	(1,950)	-	(1,950)
		_______	_______	_______	_______
		-	45,218	614,575	659,793
		‗‗‗‗‗‗‗	‗‗‗‗‗‗‗	‗‗‗‗‗‗‗	‗‗‗‗‗‗‗
11	Financial instruments
				2020	2019
				£	£
	Financial assets that are debt instruments measures at amortised cost			67,969 ~~──────~~	46,568 ~~──────~~
	Financial liabilities measured at amortised cost			1,291 ~~──────~~	1,500 ~~──────~~

There were no items of income, expense, gains or losses (2019: none).

-17-